The CPF Housing Grant is a housing subsidy (in the form of CPF money) that is provided by the Government. This grant assists an eligible first-timer family to buy a new EC, eg. from the Westwood Residence developer.

Amount of Grant for Westwood Residence EC Buyers

Half Housing Grant
(If you are a first-timer citizen & your spouse has previously taken a housing subsidy)

$15,000

#If you are a Singapore Citizen (SC) married to a Singapore Permanent Resident (SPR) (that is, an SC/SPR household), you can apply for the Citizen Top-Up Grant when your SPR family member gets Singapore Citizenship or when you have an SC child.

EC Buyer with Average Gross Monthly Household Income from $10,001 to $11,000

(For ECs launched for sale from 15 August 2011 onwards, such as Westwood Residence, first-timer households with monthly income between $10,001 to $11,000 may get a Housing Grant of $20,000.)

Type of Grant Available

Amount

SC / SC Household

SC / SPR Household

CPF Housing Grant for Family

$20,000

$10,000#

Half Housing Grant
(If you are a first-timer citizen & your spouse has previously taken a housing subsidy)

$10,000

#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family member takes up Singapore Citizenship or when you have an SC child.

EC Buyer with Average Gross Monthly Household Income from $11,001 to $12,000

(For ECs launched for sale from 15 August 2011 onwards, such as Westwood Residence, first-timer households with monthly income between $11,001 to $12,000 may get a Housing Grant of $10,000.)

Type of Grant Available

Amount

SC / SC Household

SC / SPR Household

CPF Housing Grant for Family

$10,000

$0#

Half Housing Grant
(If you are a first-timer citizen & your spouse has previously taken a housing subsidy)

$5,000

#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family member takes up Singapore Citizenship or when you have an SC child.

How to Apply

You may apply for the CPF Housing Grant when you book a unit with the developer. You will be provided the form to apply for the grant, and the developer will submit this form with the rest of your application for Westwood Residence.

Use of Grant

The CPF Housing Grant will be credited into your CPF Ordinary Account and treated as part of your CPF fund. It can be used to pay for the CPF portion of the downpayment for Westwood Residence at the time of signing of the Sales and Purchase Agreement, after you have paid the cash payment (if applicable), or to reduce the mortgage loan.

The CPF Housing Grant will be included in the computation of the CPF withdrawal limit for your Westwood Residence EC.